1426 replies to this topic

[gannman]

you can see it if you look at the daily chart of ssrm

[senorBS]

on gdx maybe we completed iii of c today and headed into iv of c 

 

i think we are heading into a major low over the next 1.5 to 3 weeks fwiw

 

not quite there yet but i dont expect a lot of price damage to occur

tend to agree with this and it fits with some stuff making new decline lows this mornin and others not, we see

 

Senor

[dharma]

the magnet is 1716 , if that finally goes 1697. time till the turn is 10-14 on my work

i have stocks to buy. in spite of the beating today, i have 2 stocks +10% so that is encouraging

like chax i traded the 70s so rising rates , as the fed will remain behind the curve are no big deal for the pms. 

this is starting to be a wake up call https://kingworldnew...iz-I-312021.jpg

there are lots of cross currents.

dharma

[dougie]

Russ, thanks for the Hadik update.

is there a single occasion with a weekly cross down in MACD that we did not fall or consolidate for a year or more?

[Russ]

the magnet is 1716 , if that finally goes 1697. time till the turn is 10-14 on my work

i have stocks to buy. in spite of the beating today, i have 2 stocks +10% so that is encouraging

like chax i traded the 70s so rising rates , as the fed will remain behind the curve are no big deal for the pms. 

this is starting to be a wake up call https://kingworldnew...iz-I-312021.jpg

there are lots of cross currents.

dharma

Dharma why did you say " Magnet 1716", am I missing something?  Gold broke down to 1701 this morning and reversed right where Eric Hadik said it would.  I am long NUGT now. 

[Russ]

 

Russ, thanks for the Hadik update.

is there a single occasion with a weekly cross down in MACD that we did not fall or consolidate for a year or more?

 

MACD Histogram is diverging which XAU appears to have put in a double bottom from the Nov. low. https://schrts.co/khdfnvIv

[Russ]

and so... I don't think Gold is going any lower, it hit a major up trendline and the .618 retracement exactly on March 3rd as well as hitting Eric Hadik's level of 1700 within a dollar as well as my own oscillator trendlines showing a low now.  I am also seeing trends for a high in June as Hadik thinks whether that will be the end of the gold bull market I doubt but will take it as it comes. 

 

 

Edited by Russ, 04 March 2021 - 01:49 AM.

[dougie]

 

 

Russ, thanks for the Hadik update.

is there a single occasion with a weekly cross down in MACD that we did not fall or consolidate for a year or more?

 

MACD Histogram is diverging which XAU appears to have put in a double bottom from the Nov. low. https://schrts.co/khdfnvIv

 

Russ: i cant see a time when we had a bearish cross down on MACD from a high level that XAU did not fall for at least 6 months.

are my eyes deceiving me?

[Russ]

 

 

 

Russ, thanks for the Hadik update.

is there a single occasion with a weekly cross down in MACD that we did not fall or consolidate for a year or more?

 

MACD Histogram is diverging which XAU appears to have put in a double bottom from the Nov. low. https://schrts.co/khdfnvIv

 

Russ: i cant see a time when we had a bearish cross down on MACD from a high level that XAU did not fall for at least 6 months.

are my eyes deceiving me?

 

the weekly macd on xau crossed over in mid sept 2020, so the 6 month zone is about now.... no?

[crossd]

https://stockcharts....id=p87398250871

 

guys and gals..look at weekly XAU  with indicator ADX(7) plugged in(link above)..look at the green line,,must be under 10 for major bottom..

 

12.69 now..iffy..cud rally but rally may not last..

 

plug NEM in and green line 8.41 says major bottom..

 

no positions..keep on analyzing..a very good group here

 

donc